TD Synnex reports Q4 EPS $3.13, consensus $2.68

Reports Q4 revenue $14.41B, consensus $14.48B. Non-GAAP gross billings were $19.7B, compared to $20.9B in the prior fiscal fourth quarter. “Excellent broad-based execution by our team, coupled with continued progress on our margin-accretive strategic initiatives enabled a strong close to the fiscal year,” said Rich Hume, CEO of TD Synnex. “We successfully navigated a challenging market environment in fiscal year 2023, generating robust free cash flow(1) of $1.3 billion and returning $751 million to shareholders. We are well-positioned to capitalize on the growth opportunities we expect in 2024, as the IT spending environment is anticipated to rebound.”